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Mortgage Rates: The Calm Before the Storm

John Maxfield
September 12, 2013

Mortgage rates are continuing to plateau ahead of next week's much-anticipated decision by the Federal Reserve. Data released this morning by Freddie Mac showed that the national average rate on a 30-year fixed rate mortgage was unchanged from the previous seven-day period, coming in at 4.57%.

Over the last few months, mortgage rates have shot up at an unprecedented clip. The initial trigger was the central bank's intimation back in May that it could soon begin to reduce its